By Marisa Wong
Morgantown, W.Va., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $3,995,000 of 0% contingent buffered digital notes due Dec. 20, 2021 linked to the Nikkei 225 index and the iShares MSCI Brazil Capped exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to its initial value, the payout at maturity will be par plus 101.5%.
If the final value of either asset is less than its initial value but neither falls by more than 50%, the payout will be par.
If either asset falls by more than 50%, investors will be fully exposed to the lesser-performing asset’s decline from its initial value.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered digital notes
|
| Underlying assets: | Nikkei 225 index and the iShares MSCI Brazil Capped ETF
|
| Amount: | $3,995,000
|
| Maturity: | Dec. 20, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final value of each asset is greater than or equal to its initial value, par plus 101.5%; if the final value of either asset is less than its initial value but neither falls by more than 50%, par; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial value
|
| Initial values: | 22,553.22 for index and $38.76 for ETF
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48129HUP0
|
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